LSB Industries, Inc. Announces Proposed Private Offering of Senior Notes
03 Marzo 2022 - 6:57AM
Business Wire
LSB Industries, Inc. (NYSE: LXU) (“LSB”) today announced that it
intends to offer, subject to market and other conditions,
$175,000,000 in aggregate principal amount of its 6.250% Senior
Secured Notes due 2028 (the “Notes”) for sale in a private offering
to eligible purchasers. The Notes constitute a further issuance of
the 6.250% Senior Secured Notes due 2028, of which $500 million
aggregate principal amount was issued on October 14, 2021. The
Notes will be guaranteed on a senior secured basis by all of LSB’s
existing subsidiaries and by certain of LSB’s future domestic
wholly owned subsidiaries.
LSB intends to use the net proceeds from this offering to pursue
strategic acquisition opportunities, to fund organic growth
(including debottlenecking to increase production capacity and
other growth projects) and for general corporate purposes. Pending
such application of the net proceeds of this offering, they may be
invested in highly rated money market funds, U.S. government
securities, treasury bills or short-term commercial paper.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the Notes or any other securities
and shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is unlawful.
The Notes and the guarantees thereof have not been registered under
the Securities Act of 1933, as amended (the “Securities Act”), or
any state securities laws and may not be offered or sold in the
United States absent registration or applicable exemption from the
registration requirements under the Securities Act and applicable
state securities laws. The Notes are expected to be offered and
sold only to qualified institutional buyers pursuant to Rule 144A
under the Securities Act and to non-U.S. persons outside of the
United States pursuant to Regulation S under the Securities Act.
This press release is being issued in accordance with Rule 135c
under the Securities Act.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma,
manufactures and markets chemical products for the agricultural,
industrial, and mining markets. The Company owns and operates three
multi plant facilities in El Dorado, Arkansas, Cherokee, Alabama
and Pryor, Oklahoma, and operates a facility on behalf of a global
chemical company in Baytown, Texas. LSB’s products are sold through
distributors and directly to end customers throughout the United
States and parts of Mexico and Canada.
Forward-Looking Statements
Statements in this release that are not historical are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are subject to known and unknown risks,
uncertainties and assumptions about us, may include projections of
our future financial performance including the effects of the
COVID-19 pandemic and anticipated performance based on our growth
and other strategies and anticipated trends in our business. These
statements are only predictions based on our current expectations
and projections about future events. There are important factors
that could cause our actual results, level of activity, performance
or actual achievements to differ materially from the results, level
of activity, performance or anticipated achievements expressed or
implied by the forward-looking statements. Significant risks and
uncertainties may relate to, but are not limited to, the offering
of the Notes may not ultimately be completed because of general
market conditions or other factors, business and market disruptions
related to the COVID-19 pandemic, market conditions and price
volatility for our products and feedstocks, as well as global and
regional economic downturns, including as a result of the COVID-19
pandemic, that adversely affect the demand for our end-use
products; disruptions in production at our manufacturing
facilities; and other financial, economic, competitive,
environmental, political, legal and regulatory factors. These and
other risk factors are discussed in the Company’s filings with the
Securities and Exchange Commission (“SEC”), including its Annual
Report on Form 10-K for the year ended December 31, 2021.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220302006096/en/
Cheryl Maguire, Executive Vice President & CFO (405)
510-3524
Fred Buonocore, CFA, Vice President of Investor Relations (405)
510-3550 fbuonocore@lsbindustries.com
LSB Industries (NYSE:LXU)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024
LSB Industries (NYSE:LXU)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024